Common use of Admission of Successor General Partner Clause in Contracts

Admission of Successor General Partner. A successor to all of the General Partner’s General Partner Interest pursuant to Section 11.2 hereof who is proposed to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, effective immediately prior to such Transfer. Any such successor shall carry on the business of the Partnership without dissolution. In each case, the admission shall be subject to the successor General Partner executing and delivering to the Partnership an acceptance of all of the terms and conditions of this Agreement and such other documents or instruments as may be required to effect the admission.

Appears in 27 contracts

Samples: Limited Partnership Agreement (Aimco OP L.P.), Limited Partnership Agreement (Aimco Properties L.P.), Limited Partnership Agreement (Apartment Income REIT Corp.)

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Admission of Successor General Partner. (a) (i) A successor to all of the General Partner’s General Partner Interest pursuant to Section 11.2 Article 11 hereof who is proposed to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, effective immediately prior to following such Transfer. Any transfer and the admission of such successor shall carry on the business General Partner as a general partner of the Partnership without dissolution. In each case, upon the admission shall be subject to the successor General Partner executing and delivering to the Partnership an acceptance of all satisfaction of the terms and conditions of this Agreement and such other documents or instruments as may be required to effect the admissionset forth in Section 12.1(b).

Appears in 24 contracts

Samples: Contribution Agreement (Phillips Edison Grocery Center Reit I, Inc.), Contribution Agreement (Phillips Edison Grocery Center Reit I, Inc.), Securities Purchase Agreement (American Realty Capital Hospitality Trust, Inc.)

Admission of Successor General Partner. A successor General Partner approved pursuant to this Article 11.3 or the transferee of or successor to all of the General Partner’s General Partner Interest interest pursuant to Section 11.2 hereof Article 10.2 who is proposed to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, effective immediately prior to such Transfer. Any the withdrawal or removal of the General Partner pursuant to Article 12 or the transfer of the General Partner’s interest pursuant to Article 10.2; provided, however, that no such successor shall carry on the business of the Partnership without dissolution. In each case, the admission shall be subject to the successor General Partner executing and delivering admitted to the Partnership an acceptance of all of until compliance with the terms and conditions of this Agreement and such other documents or instruments as may be required to effect the admission.Article

Appears in 21 contracts

Samples: Limited Partnership Agreement (United States 12 Month Natural Gas Fund, LP), Limited Partnership Agreement (United States Gasoline Fund, LP), Limited Partnership Agreement (United States 12 Month Oil Fund, LP)

Admission of Successor General Partner. (a) (i) A successor to all of the General Partner’s General Partner Interest pursuant to Section 11.2 11 hereof who is proposed to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, effective immediately prior to following such Transfer. Any transfer and the admission of such successor shall carry on the business General Partner as a general partner of the Partnership without dissolution. In each case, upon the admission shall be subject to the successor General Partner executing and delivering to the Partnership an acceptance of all satisfaction of the terms and conditions of this Agreement and such other documents or instruments as may be required to effect the admissionset forth in Section 12.1(b).

Appears in 19 contracts

Samples: Agreement of Limited Partnership (Independence Realty Trust, Inc), Limited Partnership Agreement (ARC Realty Finance Trust, Inc.), Limited Partnership Agreement (Independence Realty Trust, Inc)

Admission of Successor General Partner. A successor to all of the General Partner’s 's General Partner Interest pursuant to Section 11.2 hereof who is proposed to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, effective immediately prior to such Transfer. Any such successor shall carry on the business of the Partnership without dissolution. In each case, the admission shall be subject to the successor General Partner executing and delivering to the Partnership an acceptance of all of the terms and conditions of this Agreement and such other documents or instruments as may be required to effect the admission.

Appears in 15 contracts

Samples: Limited Partnership Agreement (Arbor Realty Trust Inc), Limited Partnership Agreement (Northstar Realty), Limited Partnership Agreement (Northstar Realty)

Admission of Successor General Partner. A successor to all of the General Partner’s General Partner Partnership Interest pursuant to Section 11.2 11.02 hereof who is proposed to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, effective immediately prior to upon such Transfertransfer. Any such successor transferee shall carry on the business of the Partnership without dissolution. In each case, the admission shall be subject to the successor General Partner Partner’s executing and delivering to the Partnership an acceptance of all of the terms and conditions of this Agreement and such other documents or instruments as may be required to effect the admission.

Appears in 11 contracts

Samples: Limited Partnership Agreement (Gramercy Property Trust), Agreement of Limited Partnership (Gramercy Property Trust Inc.), Limited Partnership Agreement (Gramercy Property Trust Inc.)

Admission of Successor General Partner. A successor to all of the General Partner’s General Partner Interest pursuant to Section 11.2 11.02 hereof who is proposed to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, effective immediately prior to such Transfer. Any such successor shall carry on the business of the Partnership without dissolution. In each case, the admission shall be subject to the successor General Partner executing and delivering to the Partnership an acceptance of all of the terms and conditions of this Agreement and such other documents or instruments as may be required to effect the admission.

Appears in 8 contracts

Samples: Agreement of Limited Partnership, Limited Partnership Agreement (Empire State Realty OP, L.P.), Second Amended and Restated Agreement of Limited Partnership (Trade Street Residential, Inc.)

Admission of Successor General Partner. A successor to all of the General Partner’s 's General Partner Partnership Interest pursuant to Section 11.2 hereof who is proposed and permitted to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, effective immediately prior to upon such Transfertransfer. Any such successor transferee shall assume all of the General Partner's obligations under this Agreement and shall carry on the business of the Partnership without dissolution. In each case, the admission shall be subject to the successor General Partner executing and delivering to the Partnership an acceptance of all of the terms and conditions of this Agreement and such other documents or instruments as may be required to effect the admission.

Appears in 7 contracts

Samples: Limited Partnership Agreement (Regency Centers Lp), Limited Partnership Agreement (Regency Centers Lp), Limited Partnership Agreement (Regency Realty Corp)

Admission of Successor General Partner. A successor General Partner selected by the holders of a Majority Interest or the transferee of or successor to all the entire Partnership Interest of the General Partner’s General Partner Interest pursuant to Section 11.2 hereof who is proposed to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, effective immediately prior to such Transfer. Any such successor shall carry on the business withdrawal or removal of the Partnership without dissolution. In each case, the admission shall be subject to the successor General Partner executing and delivering pursuant to the Partnership an acceptance of all of the terms and conditions of this Agreement and such other documents or instruments as may be required to effect the admissionSection 13.1.

Appears in 6 contracts

Samples: Limited Partnership Agreement (Cedar Fair L P), Agreement of Limited Partnership (Cedar Fair L P), Limited Partnership Agreement (Cedar Fair L P)

Admission of Successor General Partner. A successor to all of the General Partner’s 's General Partner Partnership Interest pursuant to Section 11.2 hereof who is proposed to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, effective immediately prior to upon such Transfertransfer. Any such successor transferee shall carry on the business of the Partnership without dissolution. In each case, the admission shall be subject to the successor General Partner executing and delivering to the Partnership an acceptance of all of the terms and conditions of this Agreement and such other documents or instruments as may be required to effect the admission.

Appears in 6 contracts

Samples: Limited Partnership Agreement (Security Capital Atlantic Inc), Limited Partnership Agreement (Baron Capital Trust), Limited Partnership Agreement (Baron Capital Trust)

Admission of Successor General Partner. A successor to all of the General Partner’s General Partner Interest pursuant to Section 11.2 hereof who is proposed to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, effective immediately prior to upon such Transfer. Any such successor shall carry on the business of the Partnership without dissolution. In each case, the admission shall be subject to the successor General Partner executing and delivering to the Partnership an acceptance instrument of all of the terms and conditions of joinder to this Agreement and such other documents or instruments as may be required to effect the admission.

Appears in 6 contracts

Samples: Limited Partnership Agreement (Pacific Office Properties Trust, Inc.), Limited Partnership Agreement (Arizona Land Income Corp), Limited Partnership Agreement (Pacific Office Properties Trust, Inc.)

Admission of Successor General Partner. A successor to all of the General Partner’s General Partner Interest pursuant to this Section 11.2 hereof IX who is proposed to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, effective immediately prior to such Transfer. Any such successor transferee shall carry on the business of the Partnership without dissolution. In each case, the admission shall be subject to the successor General Partner executing and delivering to the Partnership an acceptance of all of the terms and conditions of this Agreement and such other documents or instruments as may be required to effect the admission.

Appears in 6 contracts

Samples: Limited Partnership Agreement (Metropolis Realty Trust Inc), Limited Partnership Agreement (Metropolis Realty Trust Inc), Limited Partnership Agreement (Metropolis Realty Trust Inc)

Admission of Successor General Partner. A successor to all of the General Partner’s General Partner 's Partnership Interest pursuant to Section 11.2 hereof this Article IX who is proposed to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, effective immediately prior to such Transfer. Any such successor transferee shall carry on the business of the Partnership without dissolution. In each case, the admission shall be subject to the successor General Partner executing and delivering to the Partnership an acceptance of all of the terms and conditions of this Agreement and such other documents or instruments as may be required to effect the admission.

Appears in 4 contracts

Samples: Limited Partnership Agreement (Carlyle Real Estate LTD Partnership Xiii), Limited Partnership Agreement (Carlyle Real Estate LTD Partnership Xiv /Il/), Limited Partnership Agreement (Metropolis Realty Trust Inc)

Admission of Successor General Partner. A successor to all -------------------------------------- of the General Partner’s 's General Partner Partnership Interest pursuant to Section 11.2 ------------ hereof who is proposed to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, effective immediately prior to upon such Transfertransfer. Any such successor transferee shall carry on the business of the Partnership without dissolution. In each case, the admission shall be subject to the successor General Partner executing and delivering to the Partnership an acceptance of all of the terms and conditions of this Agreement and such other documents or instruments as may be required to effect the admission.

Appears in 4 contracts

Samples: Limited Partnership Agreement (Cabot Industrial Properties Lp), Limited Partnership Agreement (Cabot Industrial Trust), Contribution Agreement (Cabot Industrial Trust)

Admission of Successor General Partner. A successor to all of the General Partner’s General Partner Interest pursuant to Section 11.2 hereof who is proposed to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, effective immediately prior to upon such Transfertransfer. Any such successor transferee shall carry on the business of the Partnership without dissolution. In each case, the admission shall be subject to the successor General Partner executing and delivering to the Partnership an acceptance of all of the terms and conditions of this Agreement and such other documents or instruments as may be required to effect the admission.

Appears in 4 contracts

Samples: Limited Partnership Agreement (Tanger Properties LTD Partnership /Nc/), Limited Partnership Agreement (Tanger Properties LTD Partnership /Nc/), Limited Partnership Agreement (Tanger Properties LTD Partnership /Nc/)

Admission of Successor General Partner. A successor to all of the General Partner’s 's General Partner Interest pursuant to Section 11.2 hereof who is proposed to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, effective immediately prior to such Transfer. Any such successor shall carry on the business of the Partnership without dissolution. In each case, the admission shall be subject to the successor General Partner executing and delivering to the Partnership an acceptance of all of the terms terms, conditions and conditions applicable obligations of this Agreement and such other documents or instruments as may be required to effect the admission.

Appears in 4 contracts

Samples: Limited Partnership Agreement (Prologis Trust), Limited Partnership Agreement (Excel Realty Trust Inc), Agreement of Limited Partnership (Excel Realty Trust Inc)

Admission of Successor General Partner. A successor to all The transferee of the entire Partnership Interest of the General Partner’s Partner as a General Partner Interest pursuant to Section 11.2 hereof who is proposed to be admitted as a successor General Partner 10.3 shall be admitted to the Partnership as the General Partner, effective immediately prior to such Transfer. Any such successor the Transfer pursuant to Section 10.3 and shall carry on continue the business of the Partnership without dissolution. In each case, the admission shall be subject to the successor General Partner executing and delivering to the Partnership an acceptance of all of the terms and conditions of this Agreement and such other documents or instruments as may be required to effect the admission.

Appears in 4 contracts

Samples: Limited Partnership Agreement (Ensource Energy Income Fund LP), Limited Partnership Agreement (Ensource Energy Income Fund LP), Limited Partnership Agreement (Ensource Energy Income Fund LP)

Admission of Successor General Partner. (a) (i) A successor to all of the General Partner’s General Partner Interest pursuant to Section 11.2 hereof Article 11 who is proposed to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, effective immediately prior to following such Transfer. Any transfer and the admission of such successor shall carry on the business General Partner as a general partner of the Partnership without dissolution. In each case, upon the admission shall be subject to the successor General Partner executing and delivering to the Partnership an acceptance of all satisfaction of the terms and conditions of this Agreement and such other documents or instruments as may be required to effect the admissionset forth in Section 12.1(b).

Appears in 3 contracts

Samples: Limited Partnership Agreement (Preferred Apartment Communities Inc), Limited Partnership Agreement (Preferred Apartment Communities Inc), Limited Partnership Agreement (United Realty Trust Inc)

Admission of Successor General Partner. A successor to all of the General Partner’s 's General Partner Interest pursuant to Section 11.2 hereof who is proposed to be admitted as a successor General Partner, or who is a successor General Partner by operation of contract of law shall be admitted to the Partnership as the General Partner, effective immediately prior to upon such Transfertransfer. Any such successor transferee shall carry on the business of the Partnership without dissolution. In each case, the admission shall be subject to the successor General Partner executing and delivering to the Partnership an acceptance of all of the terms and conditions of this Agreement and such other documents or instruments as may be required to effect the admission.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Gotham Golf Corp), Limited Partnership Agreement (Gotham Golf Corp), Limited Partnership Agreement (Gotham Golf Corp)

Admission of Successor General Partner. A successor to all of the General Partner’s General Partner Interest pursuant to Section 11.2 hereof 11.02 who is proposed to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, effective immediately prior to such Transfer. Any such successor shall carry on the business of the Partnership without dissolution. In each case, the admission shall be subject to the successor General Partner executing and delivering to the Partnership an acceptance of all of the terms and conditions of this Agreement and such other documents or instruments as may be required to effect the admission.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Ryman Hospitality Properties, Inc.), Second Amended and Restated Agreement of Limited Partnership (Gladstone Commercial Corp), Limited Partnership Agreement (GLADSTONE LAND Corp)

Admission of Successor General Partner. A successor to all of the General Partner’s General Partner Interest pursuant to Section 11.2 Article 11 hereof who is proposed to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, effective immediately prior to following such Transfer. Any transfer and the admission of such successor shall carry on the business General Partner as a general partner of the Partnership without dissolution. In each case, upon the admission shall be subject to the successor General Partner executing and delivering to the Partnership an acceptance of all satisfaction of the terms and conditions of this Agreement and such other documents or instruments as may be required to effect the admissionset forth in Section 12.1(b).

Appears in 2 contracts

Samples: Limited Partnership Agreement (Phillips Edison Grocery Center Reit I, Inc.), Limited Partnership Agreement (Phillips Edison Grocery Center Reit Ii, Inc.)

Admission of Successor General Partner. A successor to all of the General Partner’s 's General Partner Partnership Interest pursuant to Section 11.2 hereof who is proposed to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, effective immediately prior to upon such Transfertransfer. Any such successor transferee shall carry on the business of the Partnership without dissolution. In each case, the admission shall be subject to the successor General Partner Partner's executing and delivering to the Partnership an acceptance of all of the terms and conditions of this Agreement and such other documents or instruments as may be required to effect the admission.

Appears in 2 contracts

Samples: Agreement of Limited Partnership (Sl Green Realty Corp), Agreement of Limited Partnership (Sl Green Realty Corp)

Admission of Successor General Partner. A successor to all of the General Partner’s General Partner Partnership Interest pursuant to Section 11.2 hereof who is proposed to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, effective immediately prior to upon such Transfertransfer. Any such successor transferee shall carry on the business of the Partnership without dissolution. In each case, the admission shall be subject to the successor General Partner Partner’s executing and delivering to the Partnership an acceptance of all of the terms and conditions of this Agreement and such other documents or instruments as may be required to effect the admission.

Appears in 2 contracts

Samples: Limited Partnership Agreement (CBL & Associates Limited Partnership), Agreement of Limited Partnership (CBL & Associates Limited Partnership)

Admission of Successor General Partner. A successor to all of the General Partner’s 's General Partner Interest pursuant to Section 11.2 11.1.C hereof who is proposed to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, effective immediately prior to such Transfer. Any such successor transferee shall carry on the business of the Partnership without dissolution. In each case, the admission shall be subject to the successor General Partner Partner's executing and delivering to the Partnership an acceptance of all of the terms and conditions of this Agreement and such other documents or instruments as may be reasonably required by the Limited Partners to effect the admission.

Appears in 2 contracts

Samples: Limited Partnership Agreement (American Industrial Properties Reit Inc), Agreement of Limited Partnership (American Industrial Properties Reit Inc)

Admission of Successor General Partner. A successor to all of the General Partner’s 's or the Special General Partner Partner's General Partnership Interest pursuant to Section 11.2 hereof who is proposed to be admitted as a successor General Partner or Special General Partner shall be admitted to the Partnership as the General Partner or Special General Partner, effective immediately prior to upon such Transfertransfer. Any such successor transferee shall carry on the business of the Partnership without dissolution. In each case, the admission shall be subject to the successor General Partner or Special General Partner executing and delivering to the Partnership an acceptance of all of the terms and conditions of this Agreement and such other documents or instruments as may be required to effect the admission.

Appears in 1 contract

Samples: Limited Partnership Agreement (United Dominion Realty Trust Inc)

Admission of Successor General Partner. A successor to all of the General Partner’s General Partner Partnership Interest pursuant to Section 11.2 hereof who is proposed and permitted to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, effective immediately prior to upon such Transfertransfer. Any such successor transferee shall assume all of the General Partner’s obligations under this Agreement and shall carry on the business of the Partnership without dissolution. In each case, the admission shall be subject to the successor General Partner executing and delivering to the Partnership an acceptance of all of the terms and conditions of this Agreement and such other documents or instruments as may be required to effect the admission.

Appears in 1 contract

Samples: Limited Partnership Agreement (Regency Centers Lp)

Admission of Successor General Partner. A successor to all of the General Partner’s General Partner Interest pursuant to Section 11.2 hereof or the Side Letter who is proposed to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, effective immediately prior to such Transfertransfer. Any such successor transferee shall carry on the business of the Partnership without dissolution. In each case, the admission shall be subject to the successor General Partner executing and delivering to the Partnership an acceptance of all of the terms and conditions of this Agreement and such other documents or instruments as may be required to effect the admission.without

Appears in 1 contract

Samples: Limited Partnership Agreement (Vinebrook Homes Trust, Inc.)

Admission of Successor General Partner. (a) (i) A successor to all of the General Partner’s General Partner Interest pursuant to Section 11.2 ARTICLE 11 hereof who is proposed to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, effective immediately prior to following such Transfer. Any transfer and the admission of such successor shall carry on the business General Partner as a general partner of the Partnership without dissolution. In each case, upon the admission shall be subject to the successor General Partner executing and delivering to the Partnership an acceptance of all satisfaction of the terms and conditions of this Agreement and such other documents or instruments as may be required to effect the admissionset forth in Section 12.1(b).

Appears in 1 contract

Samples: Limited Partnership Agreement (HappyNest REIT, Inc.)

Admission of Successor General Partner. A successor to all of the General Partner’s General Partner Interest pursuant to Section 11.2 hereof who is proposed to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, effective immediately prior to such Transfer. Any such successor shall carry on the business of the Partnership without dissolution. In each case, the admission shall be subject to the successor General Partner executing and delivering to the Partnership an acceptance of all of the terms terms, conditions and conditions applicable obligations of this Agreement and such other documents or instruments as may be required to effect the admission.

Appears in 1 contract

Samples: Agreement of Limited Partnership (New Plan Excel Realty Trust Inc)

Admission of Successor General Partner. A successor to all of the General Partner’s 's General Partner Interest pursuant to Section 11.2 hereof who is proposed to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, effective immediately prior to upon such Transfer. Any such successor shall carry on the business of the Partnership without dissolution. In each case, the admission shall be subject to the successor General Partner executing and delivering to the Partnership an acceptance of all of the terms terms, conditions and conditions applicable obligations of this Agreement and such other documents or instruments as may be required to effect the admission.

Appears in 1 contract

Samples: Limited Partnership Agreement (CRT Properties Inc)

Admission of Successor General Partner. A successor to all of -------------------------------------- the General Partner’s 's General Partner Partnership Interest pursuant to Section 11.2 ------------ hereof who is proposed to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, effective immediately prior to upon such Transfertransfer. Any such successor transferee shall carry on the business of the Partnership without dissolution. In each case, the admission shall be subject to the successor General Partner executing and delivering to the Partnership an acceptance of all of the terms and conditions of this Agreement and such other documents or instruments as may be required to effect the admission.

Appears in 1 contract

Samples: Agreement of Limited Partnership (Cabot Industrial Trust)

Admission of Successor General Partner. (a) (i) A successor to all of the General Partner’s General Partner Interest pursuant to Section 11.2 hereof 11 who is proposed to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, effective immediately prior to following such Transfer. Any transfer and the admission of such successor shall carry on the business General Partner as a general partner of the Partnership without dissolution. In each case, upon the admission shall be subject to the successor General Partner executing and delivering to the Partnership an acceptance of all satisfaction of the terms and conditions of this Agreement and such other documents or instruments as may be required to effect the admissionset forth in Section 12.1(b).

Appears in 1 contract

Samples: Limited Partnership Agreement (United Realty Trust Inc)

Admission of Successor General Partner. (s) (%4) A successor to all of the General Partner’s General Partner Interest pursuant to Section 11.2 Article 11 hereof who is proposed to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, effective immediately prior to following such Transfer. Transfer and the 47346570v6 admission of such successor General Partner as a general partner of the Partnership upon the satisfaction of the terms and conditions set forth in Section 12.1(b). (i) Any such successor transferee shall carry on the business of the Partnership without dissolution. In each case, the admission shall be subject to the successor General Partner executing and delivering to the Partnership an acceptance of all of the terms and conditions of this Agreement and such other documents or instruments as may be required to effect the admission.

Appears in 1 contract

Samples: Limited Partnership Agreement (American Realty Capital New York City REIT II, Inc.)

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Admission of Successor General Partner. A successor to all of the General Partner’s 's General Partner Partnership Interest pursuant to Section 11.2 11.02 hereof who is proposed to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, effective immediately prior to upon such Transfertransfer. Any such successor transferee shall carry on the business of the Partnership without dissolution. In each case, the admission shall be subject to the successor General Partner Partner's executing and delivering to the Partnership an acceptance of all of the terms and conditions of this Agreement and such other documents or instruments as may be required to effect the admission.

Appears in 1 contract

Samples: Limited Partnership Agreement (Gramercy Capital Corp)

Admission of Successor General Partner. (s) A successor to all of the General Partner’s General Partner Interest pursuant to Section 11.2 hereof Article 11 who is proposed to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, effective immediately prior to following such Transfer. transfer and the admission of such successor General Partner as a general partner of the Partnership upon the satisfaction of the terms and conditions set forth in Section 12.1(b). (i) Any such successor transferee shall carry on the business of the Partnership without dissolution. In each case, the admission shall be subject to the successor General Partner executing and delivering to the Partnership an acceptance of all of the terms and conditions of this Agreement and such other documents or instruments as may be required to effect the admission.

Appears in 1 contract

Samples: Limited Partnership Agreement (Preferred Apartment Communities Inc)

Admission of Successor General Partner. (i) A successor to all of the General Partner’s General Partner Interest pursuant to Section 11.2 ‎Article 11 hereof who is proposed to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, subject to the Class C Rights, effective immediately prior to following such Transfer. Any transfer and the admission of such successor shall carry on the business General Partner as a general partner of the Partnership without dissolution. In each case, upon the admission shall be subject to the successor General Partner executing and delivering to the Partnership an acceptance of all satisfaction of the terms and conditions of this Agreement and such other documents or instruments as may be required to effect the admissionset forth in Section ‎12.1(b).

Appears in 1 contract

Samples: Securities Purchase Agreement (American Realty Capital Hospitality Trust, Inc.)

Admission of Successor General Partner. A successor to all of the General Partner’s General Partner Interest pursuant to Section 11.2 hereof who is proposed to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, effective immediately prior to such Transfer. Any such successor shall carry on the business of the Partnership without dissolution. In each case, the admission shall be subject to the successor General eneral Partner executing and delivering to the Partnership an acceptance of all of the terms and conditions of this Agreement and such other documents or instruments as may be required to effect the admission.

Appears in 1 contract

Samples: Limited Partnership Agreement (Apartment Investment & Management Co)

Admission of Successor General Partner. A successor to all of the General Partner’s General Partner Interest pursuant to Section 11.2 11.2.B hereof who is proposed to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, effective immediately prior to such Transfer. Any such A successor to a General Partner removed pursuant to Section 11.7 shall carry on the business of be admitted to the Partnership without dissolution. In each case, the admission shall be subject to as the successor General Partner executing and delivering to the Partnership an acceptance of all effective upon satisfaction of the terms and conditions of this Agreement and such other documents or instruments as may be required to effect the admissioncondition specified in Section 11.7.

Appears in 1 contract

Samples: Limited Partnership Agreement (Iac Capital Trust)

Admission of Successor General Partner. A successor to all of the General Partner’s General Partner Interest pursuant to Section 11.2 hereof who is proposed to be admitted as a successor General Partner with the consent of the Limited Partners shall be admitted to the Partnership as the General Partner, Partner effective immediately prior to upon such Transfertransfer. Any such successor transferee shall carry on the business of the Partnership without dissolution. In each case, the admission shall be subject to the successor General Partner executing and delivering to the Partnership an acceptance of all of the terms and conditions of this Agreement and such other documents or instruments as may be required to effect the admission.

Appears in 1 contract

Samples: Agreement of Limited Partnership (Pan Pacific Retail Properties Inc)

Admission of Successor General Partner. A successor to all of the General Partner’s 's General Partner Interest pursuant to Section 11.2 hereof who is proposed to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, effective immediately prior to upon such Transfertransfer. Any such successor transferee shall carry on the business of the Partnership without dissolution. In each case, the admission shall be subject to the successor General Partner executing and delivering to the Partnership an acceptance of all of the terms and conditions of this Agreement and such other documents or instruments as may be required to effect the admission.Partnership

Appears in 1 contract

Samples: Limited Partnership Agreement (Corporate Property Associates 17 - Global INC)

Admission of Successor General Partner. A successor to all of the General Partner’s 's General Partner Partnership Interest pursuant to Section 11.2 hereof 11.1 who is proposed to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, effective immediately prior to upon such Transfertransfer. Any such successor transferee shall carry on the business of the Partnership without dissolution. In each case, the admission shall be subject to the successor General Partner executing and delivering to the Partnership an acceptance of all of the terms and conditions of this Agreement and such other documents or instruments as may be required to effect the admission.

Appears in 1 contract

Samples: Agreement of Limited Partnership (Prologis)

Admission of Successor General Partner. (a) A successor to all of the General Partner’s General Partner Interest pursuant to Section 11.2 11 hereof who is proposed to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, effective immediately prior to following such Transfer. Any transfer and the admission of such successor shall carry on the business General Partner as a general partner of the Partnership without dissolution. In each case, upon the admission shall be subject to the successor General Partner executing and delivering to the Partnership an acceptance of all satisfaction of the terms and conditions of this Agreement and such other documents or instruments as may be required to effect the admissionset forth in Section 12.1(b).

Appears in 1 contract

Samples: Limited Partnership Agreement (Empire American Realty Trust Inc)

Admission of Successor General Partner. A successor to all of the General Partner’s General Partner Interest Interests (a) pursuant to Section 11.2 11.2(b) hereof who is proposed to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, effective immediately prior to such Transfer, and (b) pursuant to Section 11.2(c) hereof shall be admitted to the Partnership as a successor General Partner in accordance with the provisions of Section 11.5(d). Any such successor shall carry on the business of the Partnership without dissolution. In each case, the admission shall be subject to the successor General Partner executing and delivering to the Partnership an acceptance of all of the terms and conditions of this Agreement and such other documents or instruments as may be required to effect the admission.

Appears in 1 contract

Samples: Limited Partnership Agreement (Berkshire Income Realty Inc)

Admission of Successor General Partner. A successor to all of the General Partner’s General Partner 's Partnership Interest pursuant to Section 11.2 hereof who is proposed to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, effective immediately prior to upon such Transfer. Any such successor shall carry on the business of the Partnership without dissolution. In each case, the admission shall be subject to the successor General Partner executing and delivering to the Partnership an acceptance of all of the terms terms, conditions and conditions applicable obligations of this Agreement and such other documents or instruments as may be required to effect the admission.

Appears in 1 contract

Samples: Limited Partnership Agreement (Kimco Realty Corp)

Admission of Successor General Partner. A successor to all of the General Partner’s General Partner Interest pursuant to Section 11.2 hereof who is proposed to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, effective immediately prior to such Transfer. Any such successor shall carry on the business of the Partnership without dissolution. In each case, the admission shall be subject to the successor General Partner executing and delivering to the Partnership an acceptance of all of the terms and conditions of this Agreement and such other documents or instruments as may be required or advisable to effect the admission.

Appears in 1 contract

Samples: Agreement of Limited Partnership (Rayonier, L.P.)

Admission of Successor General Partner. A successor to all of the General Partner’s General Partner Interest pursuant to Section 11.2 11 hereof who is proposed to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, effective immediately prior to following such Transfer. Any transfer and the admission of such successor shall carry on the business General Partner as a general partner of the Partnership without dissolution. In each case, upon the admission shall be subject to the successor General Partner executing and delivering to the Partnership an acceptance of all satisfaction of the terms and conditions of this Agreement and such other documents or instruments as may be required to effect the admissionset forth in Section 12.1(b).

Appears in 1 contract

Samples: Contribution Agreement (Tower Realty Trust Inc)

Admission of Successor General Partner. A successor General Partner approved pursuant to all Section 13.2 or the transferee of or successor to the General Partner’s General Partner Partnership Interest pursuant to Section 11.2 hereof who is proposed to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, effective immediately prior to such Transferthe withdrawal or removal of the General Partner pursuant to Section 13.1 or the transfer pursuant to Section 11.2. Any such successor shall carry on the business of the Partnership without dissolution. In each case, the admission shall be subject to the successor General Partner executing and delivering to the Partnership an acceptance of all of the terms and conditions of this Agreement and such other documents or instruments as may be required to effect the admission.

Appears in 1 contract

Samples: Agreement of Limited Partnership (Plum Creek Timber Co Inc)

Admission of Successor General Partner. A successor to all of the General Partner’s General Partner Interest pursuant to permitted by Section 11.2 hereof 9.2 who is proposed to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, effective immediately prior to upon such Transfertransfer. Any such successor transferee shall carry on the business of the Partnership without dissolution. In each case, the admission shall be subject to the successor General Partner executing and delivering to the Partnership an acceptance of all of the terms and conditions of this Agreement and such other documents or instruments as may be required to effect the admission.

Appears in 1 contract

Samples: Limited Partnership Agreement (Merry Land & Investment Co Inc)

Admission of Successor General Partner. (a) (i) A successor to all of the General Partner’s General Partner Interest pursuant to Section 11.2 ‎Article 11 hereof who is proposed to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, subject to the Class C Rights, effective immediately prior to following such Transfer. Any transfer and the admission of such successor shall carry on the business General Partner as a general partner of the Partnership without dissolution. In each case, upon the admission shall be subject to the successor General Partner executing and delivering to the Partnership an acceptance of all satisfaction of the terms and conditions of this Agreement and such other documents or instruments as may be required to effect the admissionset forth in Section ‎12.1(b).

Appears in 1 contract

Samples: Agreement of Limited Partnership (Hospitality Investors Trust, Inc.)

Admission of Successor General Partner. A successor to all of the General Partner’s 's General Partner Interest pursuant to Section 11.2 hereof who is proposed to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, effective immediately prior to upon such Transfertransfer. Any such successor transferee shall carry on the business of the Partnership without dissolution. In each case, the admission shall be subject to the successor General Partner executing and delivering to the Partnership an acceptance of all of the terms and conditions of this Agreement and such other documents or instruments as may be required to effect the admission.

Appears in 1 contract

Samples: Limited Partnership Agreement (Carramerica Realty Corp)

Admission of Successor General Partner. A successor to all of the General Partner’s General Partner Interest pursuant to Section 11.2 hereof who is proposed to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, effective immediately prior to such Transferthe withdrawal of the General Partner. Any such successor shall carry on the business of the Partnership without dissolution. In each case, the admission shall be subject to the successor General Partner executing and delivering to the Partnership an acceptance of all of the terms and conditions of this Agreement and such other documents or instruments as may be required to effect the admission.

Appears in 1 contract

Samples: Limited Partnership Agreement (Meruelo Maddux Properties, Inc.)

Admission of Successor General Partner. (s) (%4) A successor to all of the General Partner’s General Partner Interest pursuant to Section 11.2 Article 11 hereof who is proposed to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, effective immediately prior to following such Transfer. transfer and the admission of such successor General Partner as a general partner of the Partnership upon the satisfaction of the terms and conditions set forth in Section 12.1(b). (i) Any such successor transferee shall carry on the business of the Partnership without dissolution. In each case, the admission shall be subject to the successor General Partner executing and delivering to the Partnership an acceptance of all of the terms and conditions of this Agreement and such other documents or instruments as may be required to effect the admission.

Appears in 1 contract

Samples: Limited Partnership Agreement (American Realty Capital Global Trust II, Inc.)

Admission of Successor General Partner. NY\5888591.8 A successor to all of the General Partner’s General Partner Interest pursuant to Section 11.2 hereof who is proposed to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, effective immediately prior to upon such Transfertransfer. Any such successor transferee shall carry on the business of the Partnership without dissolution. In each case, the admission shall be subject to the successor General Partner executing and delivering to the Partnership an acceptance of all of the terms and conditions of this Agreement and such other documents or instruments as may be required to effect the admission.

Appears in 1 contract

Samples: Limited Partnership Agreement (Tanger Properties LTD Partnership /Nc/)

Admission of Successor General Partner. (a) (i) A successor to all of the General Partner’s General Partner Interest pursuant to Section 11.2 Article 11 hereof who is proposed to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, effective immediately prior to following such Transfer. Any Transfer and the admission of such successor shall carry on the business General Partner as a general partner of the Partnership without dissolution. In each case, upon the admission shall be subject to the successor General Partner executing and delivering to the Partnership an acceptance of all satisfaction of the terms and conditions of this Agreement and such other documents or instruments as may be required to effect the admissionset forth in Section 12.1(b).

Appears in 1 contract

Samples: Limited Partnership Agreement (American Realty Capital Global Trust II, Inc.)

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